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Dec 6, 2012
12/12
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you are in the ability to give us a deal, any deal is crushing our economy. allow me to explain. since i read @jimcramer on tw twitter people say i'm biased. i believe that the compromise that all the common sense people are looking for, some combination of spending cuts, higher taxes and pro-growth initiatives doesn't come into play anymore in washington. too many pledges, too much ideology. i l am part of the 2% that's going to have to pay more. i have the highest effective tax rate possible, 48% for a variety of reasons. but i am willing to pay more because i used to pay more at one time and i'm grateful for what this country has done for me. i know that those of us are lucky enough to have done well in this country have had a really good run and it's time to show gratefulness, even if we think the government may be profligate with our money. enough already! i want others to do well too. so don't get the idea -- i'm not against the next guy doing better. the idea is that the small business person that everyone claims to be looking out for and the middle class people everyone p
you are in the ability to give us a deal, any deal is crushing our economy. allow me to explain. since i read @jimcramer on tw twitter people say i'm biased. i believe that the compromise that all the common sense people are looking for, some combination of spending cuts, higher taxes and pro-growth initiatives doesn't come into play anymore in washington. too many pledges, too much ideology. i l am part of the 2% that's going to have to pay more. i have the highest effective tax rate possible,...
127
127
Dec 4, 2012
12/12
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it could transcend any short-term issues with the economy. but last year, we had a warm winter and sales of uggs were crushed by the weather. deckers were forced to raise prices drastically because of sheepskin. higher prices, lower sales. quarter after quarter things got worse. when deckers reported latest results on october 25th, the trends were horrid. the stock pole-axed. there was one bright spot. management indicated that sheepskin prices have been falling, which should mean the horrific declines in deckers' gross margins, what they make after the cost of sales, are at an end with the possibility of margin expansion as we head into the new year. now, ever since the stock got pummeled after the latest quarter, deckers has been coming back with a vengeance, but it's not because of better gross margins. what's the real reason for this rally? deckers has reached a point where the expectations got so low and the stock became so hated, there was nowhere left for it to go but up. half the float has been sold short. that's insane, insanely high
it could transcend any short-term issues with the economy. but last year, we had a warm winter and sales of uggs were crushed by the weather. deckers were forced to raise prices drastically because of sheepskin. higher prices, lower sales. quarter after quarter things got worse. when deckers reported latest results on october 25th, the trends were horrid. the stock pole-axed. there was one bright spot. management indicated that sheepskin prices have been falling, which should mean the horrific...
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248
Dec 4, 2012
12/12
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that's why it's great gauge of the economy. so far american consumers are still spending away and he says that you can thank at least in part an improving housing market for that. carl? >> all right. thank you very much, becky. great stuff. thank you for sticking around. >> thank you. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national governors association executive committee. a diverse group. he carried three states he represents and governors include scott walker, leader of conservative government reform movement going after public employee pensions and shrink government obligations that way. governors
that's why it's great gauge of the economy. so far american consumers are still spending away and he says that you can thank at least in part an improving housing market for that. carl? >> all right. thank you very much, becky. great stuff. thank you for sticking around. >> thank you. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the...
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Dec 3, 2012
12/12
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on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i think is a bad idea, that's 30 to $35 billion a year. i heard many democrats say that's a small amount, why shouldn't we do that? that's about halfway to the total amount they're talking about taxes. but whent's that, it's small. but when it's the 70 to $80 billion am toortized over ten years, all of a sudden it's big. i'm not saying don't raise taxes. if i signed the pledge, i would do it for good reasons. i haven't seen a good reason. i haven't seen a plan that promotes the big guy in the room. >> see you in the next hour, rick. rick santelli live in chicago on cnbc. >>> it's tweet time. a new study finds one in three ame
on the economy, i think it's pretty clear that nobody voted for four more years of the current economy. four more years to get his house in order and he's not going to get his house in order using the red herring of taxes when it's entitlemen entitlements. it just isn't going to work, simon. >> i get it. i'm just pointing out -- >> you know what, let's take jobless claims. >> i get it. >> over the last three days, jobless claims to sustain that renewal again which i...
270
270
Dec 10, 2012
12/12
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it does less destruction to the economy. but the most important thing for anybody to look at, we spend so much time on revenue, is what is the spending? just like the first two months. revenue's gone up 10% with us doing nothing. spending has gone up 16%. >> all right. one thing that i knew that $800 billion number, i knew that sounded familiar. i wouldn't really quite place it. so that's ten years of raising the rates on the high end, but we got -- we spent that with one little stimulus plan, didn't we? just boom. wasn't that $800 billion. that's ten years of the high end and we spent that in the first year of his administration like it was -- i mean that was gone before -- i mean i wish we had that back then we wouldn't need this $800 billion. >> exactly. and look at this. the president's proposal, we get $31 billion from the high end this year but he proposes a $50 billion new stimulus package next year, as well. he will spend more. he's asking for more taxes to spend more. that will get us in a worse situation. the best
it does less destruction to the economy. but the most important thing for anybody to look at, we spend so much time on revenue, is what is the spending? just like the first two months. revenue's gone up 10% with us doing nothing. spending has gone up 16%. >> all right. one thing that i knew that $800 billion number, i knew that sounded familiar. i wouldn't really quite place it. so that's ten years of raising the rates on the high end, but we got -- we spent that with one little stimulus...